Yoon made the comment during a meeting with the secretaries, urging officials to remain vigilant to better react in such situations, according to a report from the South Korean presidential office pool.
He also said during the meeting that price growth was the biggest problem facing the economy.
“The economy is in a very difficult situation and the main problem is price growth,” he said. “We need to conduct a thorough examination of various indicators and continue to study ways to contain prices based on the analysis of the sources of price growth.”